Home » Posts tagged with » Milton Friedman Distinguished Fellow

The Fall of the Dominoes

The Fall of the Dominoes

Inflation, as measured by the PCE (personal consumption expenditures) index, was, on an annualized basis, over 7 percent in March and April, and over 6 percent in May and June. Going by the more popular CPI (consumer price index), annualized inflation was between 8 and 11 percent in those same months. For perspective, the last time the economy experienced […]